China - Pakistan Economic Corridor - CPEC

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Pakistan Auto Show at Lahore Expo Center,Lhr. Many Chinese companies have participated on there. Economic impact of
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on auto industries....


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Western Route: 3800 Motorway Police Jobs approved by Federal Govt for CPEC Routes specially
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&
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Highway N-85 and D I Khan Quetta Highway N-50.

Senate Standing Committee on Communications recommended that local people should be given jobs in National Highways and Motorway Police (NH&MP).Inspector General Motorway Police Dr Syed Kaleem Imam while briefing on the performance and problems of the NH&MP.Jawwad Rafiq Malik told the committee that from now on the NHA will include amount for ambulance, motorway police offices and patrolling vehicles in the PC-I of the new projects

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The Pakistan China Joint Chamber of Industry and Commerce (PCJCCI) on Wednesday organised business-to-business meetings of 31 high profile members and multi-sector Chinese trade delegation with Pakistani investors, and entrepreneurs.

The delegation was headed by Ms Teng Shuang, Deputy Minister China Council for the Promotion of International Trade Jinan.

The delegation came with a purpose to hold interactive B2B meetings with potential partners in Pakistan. The area of interest was mainly Auto Parts manufacturing sector including; Electrical accessories, electrical equipment, sheet metal processing, fiber laser cutting machine and precision machinery along with many other.

The head of the delegation, Ms Teng Shuang invited the PCJCI members to Jinan and extended her precious regards and offer to fully cooperate with the Pakistani officials. The B2B meetings were exclusively arranged by the members of PCJCCI to increase the scope of trade and investment in the above-mentioned areas.

The delegation was warmly welcomed by Dr Iqbal Qureshi, Senior Vice President of PCJCCI. In the interest of promoting bilateral trade facilities between China and Pakistan, Dr Qureshi expressed an utmost aspiration to make these business engagements purposive and productive for the businessmen of both countries.

Conveying his thoughtful approach as an economic analyst, Qureshi said that the “Pak China Joint Chamber of Commerce and Industry is highly grateful to the Chinese officials for being amazingly supportive and concerned about the business development of both countries”.

“China has been an incredible support of Pakistan at all times. Beijing’s constant assistance will do wonders for the emerging economic status of Pakistan and these B2B meetings will certainly have a positive impact on the business community.”

The meeting included various dignitaries including Mr Sohail Qadri, from Punjab Board of Investment, who talked about the investment policies for boosting the ongoing economic activities in Pakistan. Qadri also brought to notice the importance of CPEC in his conversation with high profile delegates from various industries and showed his honest hopes for the industrial boom of both nations.

The PCJCCI invited topmost auto parts manufacturing Pakistani companies to represent the auto industry of Pakistan before Chinese Investors. Among those companies were Suzuki Master Motor, Toyota Airport Motor, Ruba Automotive, Roshan Packages, Guard Agricultures and Novamed Pharmaceuticals etc. The meetings were held successfully between the investors and facilitators. The Chinese entrepreneurs highly appreciated the arrangements being done by PCJCCI and they were also satisfied with the positive response of the companies during the meeting.

It was observed that counselling with Chinese business community is mandatory to increase the quantum of trade and investment opportunities in Pakistan.

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16-lane modern state-of-the-art toll plaza at exit point of Peshawar-Islamabad Motorway (M-1) will hopefully become operational by next month.

The meeting chaired by Senator Daud Achakzai was informed by Chairman of National Highway Authority (NHA) Jawwad Rafiq Malik Toll Plaza with 11 lanes at exit and five lanes at entry point will cost Rs 250 million.he said adding presently around 58,000 vehicles pass on M-1 everyday.

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Alternative
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route: NHA plans 216km
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-
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road.....

The National Highway Authority (NHA) intends to build a 216 kilometre-long Gilgit-Shandur road and has issued tenders for hiring services of a consultant or engineering organization to conduct a feasibility study and make the preliminary design of the project.

An official of NHA told APP that pre-proposal conference will be held on March 2, in the NHA Auditorium here and the last date for submission of proposals will be March 20.

He added that technical proposals shall be opened on the same day, whereas the financial proposals of only technically qualified firms shall be opened after finalization of technical evaluation.

He said that project would form part of the Gilgit-Shandur-Chitral road which would provide an alternative route to the
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-
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Economic Corridor (CPEC). He said that detail design and feasibility study of the Shandur-Chitral section has been completed while pre-feasibility study for Gilgit-Shandur section has been completed.

The official said that new road will be an all-weather road and so that it could provide an alternative route to CPEC during the winter season. Moreover, it will provide another route to Chitral other than the Lowari Tunnel. The estimated cost of 345 kilometre-long road is Rs45 billion.

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Energy investments under
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shifted to hydro power sector.....


China and Pakistan have decided to shift the focus of energy sector investments under the China-Pakistan Economic Corridor (CPEC) to hydropower development after capping capacity generation from conventional power projects at 11,110MW.

The energy projects included in the active CPEC list for implementation have either been completed or are in the final stages, having a total capacity of 11,110MW. The remaining capacity addition of about 6,000MW would be made in the hydropower sector over the next phase.

A senior official at the Planning Commission said the two sides had originally decided that total capacity addition under CPEC would be around 17,100MW and this was part of the agreement on CPEC Energy Project Cooperation.

He said the Pakistani side realised as early as May last year, based on presentations of National Transmission and Despatch Company (NTDC), that enough capacity had been contracted for the fast-track implementation and the government should move the remaining investments in the power sector to avoid a capacity trap.

Subsequently, the two sides agreed to make adjustments to the list of energy projects based on the recommendations of the CPEC Energy Planning Expert Group. However, by this time Punjab had managed to push through the second 1,300MW LNG project at Trimmu-Jhang.

It was, nevertheless, agreed that total capacity under CPEC would remain unchanged at 17,050MW. The remaining agreed capacity would be diverted to hydropower projects that need longer gestation period to fit in the future projections.

“Priority would be on development of hydropower resource on the Indus river,” said the official. He said an energy working group would be among the few delegations coming from Beijing in March to finalise the list of hydropower projects. Responding to a question, the official did not agree that the question of Chinese investment in $14 billion Diamer-Bhasha dam was over as reported by the Wapda chairman to a parliamentary committee recently.

He said a number of projects on the Indus Cascade — including the Diamer-Bhasha mega project — would remain part of the discussions as indicated in the CPEC long term plan and minutes of the 7th Joint Cooperation Committee (JCC) meeting in Islamabad.

Based on the NTDC’s assessment, the government had put on hold 1,320MW Muzaffargarh Coal Project, 300MW Salt Range Coal Project, 50MW Sunnec Wind Power and 525MW Combined Cycle Chichoki Mallian Plant. The Gadani Coal Park was given up much earlier.

The official said a total of four expert groups from China would be visiting Islamabad by March 15 on Pakistan’s request to keep momentum on procedural progress to dispel the impression of a logjam during the course of political changes in Beijing and Islamabad over the next few months.

On a positive note, he said, an agriculture expert group would also visit Pakistan for the first time to explore the way forward on cooperation in this particular sector. The three other groups would be related to Special Economic Zones (SEZs), energy sector, and oil and gas sector investments — particularly the development of a mega oil city at Gwadar.

The energy experts will review the progress on CPEC projects and will also discuss the inclusion of new hydropower projects in the portfolio. The hydropower projects located in Azad Jammu and Kashmir, Gilgit Baltistan and Khyber Pakhtunkhwa will be the main focus of the experts’ interaction.

The expert group on industrial cooperation would be updated on preparation of SEZs. Three to four zones are expected to be taken up in the first phase of implementation, the official added.

China’s small and medium-enterprises (SMEs) are showing interest in the SEZs which is encouraging and will help the early completion of these areas. Under CPEC, China and Pakistan have agreed to establish nine SEZs throughout Pakistan.

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